New Delhi, July 28 (IANS) Tata Group-owned Air India and its low-cost subsidiary Air India Express reported a combined net loss of Rs 22,238 crore in FY26, more than double the Rs 10,859 crore loss recorded in the previous financial year, even as their combined revenue declined nearly 9 per cent.According to the airlines’ annual reports, the combined revenue stood at Rs 71,870 crore in FY26.Air India posted revenue of Rs 51,452 crore and a net loss of Rs 15,368 crore, while Air India Express rep…
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New Delhi, July 22 (IANS) Singapore Airlines (SIA) has said it is seeing “tangible progress” in Air India’s transformation and the Indian carrier continues to be a key part of its long-term multi-hub strategy despite the challenges that the Tata Group airline was facing.The airline made the remarks while responding to shareholder and investor queries ahead of its annual general meeting (AGM) scheduled for July 24.Responding to the query, SIA said it had undertaken a formal impairment assessment …
Indore, July 15 (IANS) Chief Minister Mohan Yadav will flag off Madhya Pradesh’s first international air service on Wednesday from Indore, marking a historic milestone in the state’s aviation growth. The inaugural flight under the Madhya Pradesh Civil Aviation Policy-2025 will connect Indore directly to Abu Dhabi, the capital of the United Arab Emirates (UAE). Operated by Air India Express, which is a Tata Group company, the Indore-Abu Dhabi flight will operate four days a week — on Monday…
Mumbai, July 14 (IANS) Adani Group’s real estate arm, Adani Properties, has recorded a massive 74 per cent jump in its valuation to break into the top 4 ranks of the Indian real estate sector, according to a report released on Tuesday. Adani Properties added Rs 38,000 crore to its valuation at Rs 90,400 crore to be ranked fourth in the country, according to the 2026 Grohe-Hurun India Real Estate 150 report.Referring to Adani Properties, the report states that Adani Group Chairman Gautam Adani …
Mumbai, July 7 (IANS) Shares of Trent Limited, the Tata Group’s retail arm, plunged nearly 12 per cent on Tuesday after the company’s June quarter (Q1 FY27) standalone revenue growth fell short of market expectations, triggering sharp selling in the stock.The stock declined as much as 11.93 per cent during the session to an intra-day low of Rs 2,944.60 on the NSE.Trent reported standalone revenue from operations, excluding GST, of Rs 5,666 crore for the June quarter, marking a 19 per cent year-o…
New Delhi, July 6 (IANS) Air India on Monday appointed UK-based aircraft marketing and asset management firm Skytech-AIC to oversee the sale of six Airbus A319 aircraft as the Tata Group-owned airline continues to streamline and modernise its fleet.According to a statement issued by Skytech-AIC, the six narrowbody aircraft, manufactured between 2003 and 2006, are available for immediate sale. The aircraft will be offered without their CFM56-5 engines.While the company confirmed that the aircraft…
New Delhi, July 3 (IANS) Air India on Friday dismissed reports claiming that 11 of its 26 Boeing 787-8 Dreamliner aircraft are grounded, describing the assertions as “factually inaccurate” and clarifying that aircraft undergoing scheduled maintenance or upgrades should not be classified as grounded.In a post on X, the Tata Group-owned airline said three Boeing 787-8 aircraft are currently undergoing cabin retrofits as part of its fleet modernisation programme, while four are in scheduled heavy m…
Mumbai, June 30 (IANS) Almost a week after announcing his decision to step down as chairman of Trent, Noel Tata on Tuesday said he will also relinquish the chairmanship of Tata Group company Voltas.Addressing shareholders at the cooling products maker’s 72nd annual general meeting (AGM) here, the 69-year-old said the meeting would be his last as chairman of the company, bringing to a close a leadership role he has held since 2017.”As you might be aware, this will be my last annual general meetin…
New Delhi, June 24 (IANS) An Air India aircraft flying from Delhi to Amritsar briefly infringed Pakistani airspace while executing a go-around manoeuvre at Amritsar airport on Monday, the Tata Group airline said in a statement.The incident involved flight AI479 and occurred during the aircraft’s approach to Amritsar, according to the carrier.”The crew operating flight AI479 from Delhi to Amritsar on 22 June had marginally infringed into the Pakistan airspace while manoeuvring a go-around at Amri…
Mumbai, June 24 (IANS) Noel Tata has announced that he will step down as chairman of Trent Limited, bringing to a close an association of nearly three decades with the Tata Group’s flagship retail company. The announcement was made during the company’s 47th Annual General Meeting.Addressing shareholders, Tata said that the meeting would be his last as chairman of the company. The veteran business leader, who will turn 70 in November, is set to retire in line with the Tata Group’s governanc…